Advanced Macroeconomics concepts
Here is a list of more advanced macroeconomics concepts.
Main Economics Theorems
The following list summarizes main Advanced Economics Theorems.
What Is The Solow Model?
In this article we explain what the Solow Model is with examples.
What Is Stochasticity?
In this article, we explain what is Stochasticity and Stochastic Processes.
What Is Econometrics?
In this article, we explain what is Econometrics, how it is used, key techniques, strengths and weaknesses of each technique.
What Is The Coase Theorem?
In this article we explain what is the Coase Theorem.
Sources of Error in Statistics
In this article we list known Sources of Error in Statistics, so you can become more proficient in this area of STEM
Can You Use Statistics For Stock Price Prediction?
In this article, we will discuss the hypothesis that you can predict stock prices using Statistics.
Choice under uncertainty
Choice under uncertainty
How to value a stock
In this article, we will value Walmart
Tax Multiplier, MPS and MPC
The tax multiplier represents a measure of the change of the Gross Domestic Product (GDP) in response to a change in government taxes
The US Trade Deficit: Is It a Problem or Not?
Is the Trade Deficit a problem or Not?A panel of economists gathered to try and and answer this question. Essentially they don’t know.
What is Financial Contagion?
Financial contagion is an economical situation where a collapse of large players in a specific industry has a negative impact on others.
Effect of Changes in Policies and Economic Conditions on the Foreign Exchange Market
In this article we will go through the effect of changes in policies and economic conditions on the foreign exchange market.
What Is The Balance Of Payments?
The Balance Of Payments is a snapshot of a country’s money position. The balance is the difference between money inflows and outflows.
The Difference Between CPI, GDP deflator, and PCE deflator
In this article we will go through the differences between the CPI, GDP deflator, and the PCE deflator.
Nominal GDP vs Real GDP: what is the difference?
GDP – Gross Domestic Product is the total monetary value of all the finished goods and services produced from a country within a year.
The Loanable Funds Market
The loanable funds market represents the interaction between borrowers and savers in the Economy.
The money market model
What is the Money Market Model? The money market model shows the relationship between the quantity of money being supplied when there are changes in the nominal interest rate. The Nominal Interest Rate is the real interest rate before adjusting it inflation. To know...
The Relationship Between Inflation and Unemployment
The Phillips curve shows an inverse relationship between inflation and unemployment: as unemployment decreases, inflation increases.
How to find the Utility Maximization Bundle
In this article, we will go through how to find the utility maximization bundle using a bit of calculus.
What is a trade union and its purpose?
A trade union is an organization of workers who come together to get better terms for them from the company they woirk, like money amd hours.
What is a monopsony?
A monopsony is a monopoly for labor. It is the company that is the sole employer of labor in a given profession.
short run vs long run total average cost curves
In this article we will go through the differences between short run vs long run total average cost curves.
Why the Marginal Revenue Curve for a Monopoly Is Below the Demand Curve?
In this article we will go through why the Marginal Revenue Curve for a Monopoly Is Below the Demand Curve.
Costs of Production
Costs of production refers to the total cost, variable and fixed, to produce a specific quantity of a product or offer a service to consumers
Marginal Revenue Product of Labor Analysis
In this post we will look at an example of Marginal Revenue Product of Labor Analysis.
Market Failure and the Role of Government
market failure happens when the allocation of goods and services by a free market is not efficient, leading to a net loss of economic value.
Factor Markets
Factor Markets is a term used for all of the resources that businesses use in order to produce goods or services. Also called Input markets.
Perfect vs Imperfect Competition: What is the Difference?
Perfect competition is a model where the supply and demand, are left by their own device. Imperfect competition is when this doesn’t happen.
Substitution Effect vs Income Effect
Substitution effect and Income effect are responsee from the consumer when the price of a good goes changes.
Individual and market demand curves
The market demand curve is made up of all the individual demand curves for a good or service. It’s a combination of all discrete inputs.
International trade and public policy
International trade allows all countries to expand their markets by exchanging their goods and services with other countries.
Taxation and Deadweight Loss
Deadweight loss of taxation measures the overall economic loss caused by a new tax on a product or service.
What Is Elasticity?
Elasticity is a concept used to measure the change in the aggregate quantity demanded of a good or service in relation to its price.
price ceilings and price floors
Price floors and price ceilings are government-imposed minimums and maximums on the price of certain goods or services.
what are the determinants of market demand and supply?
In this article we will go through what shifts the demand curve and what shifts the supply curve. These are called market determinants.
Law of Demand And Supply
The law of demand and supply is a theory that explains the interaction between the sellers and the buyers for that resource.
Marginal Utility, Total Utility and Utility Maximization
In this article we will go through what is Marginal Utility, Total Utility and Utility Maximization.
What is Marginal Analysis?
Marginal analysis compares the additional benefits derived from an activity and the extra cost incurred by the same activity.
Cost Benefit Analysis
Technique designed to determine the feasibility of a project or plan by quantifying costs and benefits including external costs and benefits.
Resource Allocation and Economic Systems
In economics, resource allocation is the assignment of available resources to various uses. This differs based on the type of economic systems
Factors of Production – Overview and Characteristics
Factors of production refers to the inputs needed to produce goods and services.The four factors are land, labor, capital and entrepreneurship
Comparative Advantage And Trade
Comparative advantage is an economy’s ability to produce a particular good or service at a lower opportunity cost than its trading partners.
What is the Production Possibilities Curve?
The production possibilities curve (PPC) is a graph that shows all of the different combinations of output that can be produced given current resources and technology. Sometimes called the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
scarcity, choice and opportunity cost
scarcity, choice and opportunity cost. These concepts serve as the foundation of Economical thinking: unlimited wants with limited resources.
